Peter, CFA, is the sole proprietor of an investment advisory firm serving a mid-class retail clientele. Peter claims to be different from his competitors because he conducts his own independent research. Peper has hundreds of clients. He fully discloses that to simplify the management of all there accounts he has created a recommended list of stocks. From which he selests investments for all of his clients. Peter recommended list of stocks is obtained from his primary broker, who has completed due diligence on each stock. Peter's recommended list least likely violates which of the following CFA Institue Standards of Professional Conduct?
A. Fair Dealing
B. Misrepresentation
C. Diligence and Reasonable Basis
答案中午给。这道题目大家顺便讨论一下他到底违反了那一些code of conduct吧作者: bb_roc 时间: 2012-5-29 13:22
这题C。。。。。。。。。。。。。。。作者: panduck 时间: 2012-5-31 10:26
是A吧，答案错了吧。作者: tcollar 时间: 2012-7-8 02:29
The correct answer is C. In fact, he violates a couple of standards of professional conduct. For example, he also breaches his duties to clients:
III Duties to clients
...
C Suitability. ...
b. Determine that an investment is suitable to the client's financial situation and consistent with the client's written objectives, mandates, and constraints before making an investment recommendation or taking investment action.
